Marine fuel trader Shipergy has reported a doubling of gross profit and stronger liquidity for the year ended 31 March 2025.
Gross profit rose over 100% year-on-year to USD 3.2 million, while cash reserves almost tripled to USD 6.3 million.
Revenue was steady at USD183.4 million, with higher traded volumes offsetting a fall in VLSFO prices from USD 650 to USD 550/MT.
The firm also expanded operations to Greece and Dubai while continuing to invest in software and internal infrastructure.
“Gross profit growth of over 100% is a standout achievement for Shipergy in a very challenging operating environment. Holding revenues steady while fuel prices fell demonstrates the strength of our client base and the growth of our traded volumes,” said Daniel Rose, CEO of Shipergy.
